For The Week Ending February 5, 2016

For the Week Ending Feb 5, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets
Consumer spending was flat in December, and savings was at a 3-year high, contributing to low inflation. Disinflation supports low mortgage interest rates.
 
Oil prices have appeared to stabilize, but equity and bond markets are still very volatile. Volatility in the markets can cause volatility in
mortgage rates.
 
Jobless claims increased slightly last week, but remained below the 300,000 mark once again. Traders will be watching for signs of a slow down in the labor market.
Punxsutawney Phil suggests an early start to the spring buying season. When the groundhog doesn't see his shadow, February sales increase an average 11%.
 
Builders are adding features that increase energy efficiency and added spaces to entice buyers. Features include walk-in closets, high ceilings, and kitchen islands.
 
Fannie Mae reports the serious mortgage delinquency rate declined in December. A mortgage is seriously delinquent when it is 3 payments or more past due.
When the office photocopies began to look faint, the office manager called in a local
repair service.
After inspecting the equipment, the friendly technician informed the manager that
the machine was in need of a good cleaning.
The tech suggested that someone might try reading the operator’s manual and
perform the job themselves, since it would cost $100.00 if he did the work.
Pleasantly surprised by his candor, the office manager asked,“Does your boss
know you are discouraging business?”
The technician replied,“Actually, my boss demands we explain this to all of our
customers. After people first try to fix things themselves, we end up making much
more money on repairs.”

Sincerely,
Don S.Riggs
Area Manager NMLS ID # 132702
(303) 429-7121
driggs@envoymortgage.com
NMLS ID # 6666 (www.nmlsconsumeraccess.org)
envoymortgage.com
Envoy Mortgage LTD, NMLS #6666

All applications are subject to credit approval. Program terms and conditions are subject to change without notice. Some products may not be available in all states. Other restrictions and limitations may apply. This is not a commitment to lend. Envoy Mortgage Ltd. #6666, 5100 Westheimer Rd., #320, Houston, TX 77056, 877-232-2461; AR Banker/Broker/Servicer License #103315 - AZ Mortgage Banker Licensee – License #0908096; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #413 0597; CO Mortgage Company Registration # 6666, Regulated by the Division of Real Estate; Licensed by the Delaware State Bank Commissioner Licensed Lender Licensee #011264; Georgia Residential Mortgage Licensee License #23619; Illinois Residential Mortgage Licensee – License #MB.6759338; MA Mortgage Lender Licensee – License #M C6666; MA Mortgage Broker Licensee – License #MC6666; Licensed by the Mississippi Department of Banking and Consumer Finance License #6666; Envoy Mortgage Limited Partnership – Licensed by the New Hampshire Banking Department License #14552-MB; Licensed by the N.J. Department of Banking and Insurance NMLS #6666; Licensed Mortgage Banker – NYS Department of Financial Services, License #B500979, 746 Merrick Rd., Baldwin, NY 11510; OH Mortgage Broker Act Certificate of Registration # MB.804190.000, SM.501928.000; OR Mortgage Lending Licensee #ML-3933; Rhode Island Licensed Lender – License # 20092627LL; Rhode Island Licensed Loan Broker – License # 20122861LB; TX Mortgage Banker Registration- NMLS #6666; TX Regulated Loan License #42377. This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas; Virginia NMLS ID#6666 (www.nmlsconsumeraccess.org) – Lender License and Broker License # MC3021; Envoy Mortgage Ltd d/b/a Envoy Mortgage, L.P.- WA Consumer Loan Company License # CL-6666 – http://nmlsconsumeraccess.org

This is not a commitment to lend. Envoy Mortgage Ltd. - NMLS # 6666